Slide 1: Q2-23 Conference Call
Q2-23 CONFERENCE CALL August 2nd , 2023
Slide 2: Agenda
AGENDA Introduction and safe harbor CEO – Eyal Harari, Chief Executive Officer CFO – Hadar Rahav, Chief Financial Officer Q&A 2
Slide 3: Safe Harbor Provision
SAFE HARBOR PROVISION Forward-looking statements in the conference call involve several risks and uncertainties, including, but not limited, to the Company's statements about its full-year 2023 revenue guidance, expected growth in 2024, expectations regarding the enterprise market for telecom operat
Slide 4: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES In this conference call, management will be referring to certain non-GAAP financial measures, which are provided to enhance the user's overall understanding of the Company’s financial performance. By excluding certain non-cash stock-based compensation expenses, acquisitio
Slide 5: Q2-23 Overview
Q2-23 OVERVIEW Second-quarter revenues of $12.4 million, 11% quarterly revenue growth year-over-year. Managed cost carefully and maintained the same level of Non-GAAP operating expenses ($8.2M compared to $7.9M in the second quarter of 2022). GAAP net income was $0.8 million compared to a loss
Slide 6: Second Quarter 2023 Financial Results
SECOND QUARTER 2023 FINANCIAL RESULTS
Slide 7: Consolidated Statements of Operations (GAAP)
CONSOLIDATED STATEMENTS OF OPERATIONS (GAAP) Three months ended Six months ended June 30, June 30, 2023 2022 2023 2022 Unaudited Unaudited Unaudited Audited Revenues $ 12,372 $ 11,127 $ 24,395 $ 21,751 Cost of revenues $ 3,480 $ 3,178 $ 6,828 $ 6,015 Gross profit $ 8,892 $ 7,949 $ 17,567 $ 15,736 Gr
Slide 8: Consolidated Statements of Operations (Non-GAAP)
CONSOLIDATED STATEMENTS OF OPERATIONS (NON-GAAP) Three months ended Six months ended June 30, June 30, 2023 2022 2023 2022 Unaudited Unaudited Unaudited Audited NON-GAAP (1) Revenues $ 12,372 $ 11,127 $ 24,395 $ 21,751 Cost of revenues $ 3,363 $ 3,079 $ 6,622 $ 5,824 Gross profit $ 9,009 $ 8,048 $ 1
Slide 9: Operating Expenses (GAAP)
OPERATING EXPENSES (GAAP) Three months ended Six months ended June 30, June 30, 2023 2022 2023 2022 Unaudited Unaudited Unaudited Audited Research and development, gross $ 4,952 $ 5,349 $ 9,721 $ 10,908 Less - royalty-bearing participation $ 180 $ 197 $ 442 $ 415 Research and development, net $ 4,77
Slide 10: Operating Expenses (Non-GAAP)
OPERATING EXPENSES (NON-GAAP) Three months ended Six months ended June 30, June 30, 2023 2022 2023 2022 Unaudited Unaudited Unaudited Audited NON-GAAP (1) Research and development, gross $ 4,416 $ 4,706 $ 8,640 $ 9,654 Less - royalty-bearing participation $ 180 $ 197 $ 442 $ 415 Research and develop
Slide 11: Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS (thousands of U.S. dollars) As of As of December 31, June 30, 2023 2022 (Unaudited) (audited) Cash and cash equivalents $ 35,409 $ 9,527 Short-term bank deposits $ 42,901 $ 64,130 Trade receivables, net $ 10,111 $ 11,074 Inventories $ 396 $ 795 Other accounts receivable a
Slide 12: Current Assets vs. Current Liabilities ($M)
CURRENT ASSETS VS. CURRENT LIABILITIES ($M) 100.0 90.2 90.0 84.4 81.0 80.0 70.0 60.0 50.0 40.0 30.0 19.8 20.0 17.4 13.4 10.0 - Q2-21 Q2-22 Q2-23 Current Assets Current Liabilities 12
Slide 13: Thank You
THANK YOU All rights reserved. This presentation contains proprietary information of RADCOM Ltd. Without the express prior written permission of RADCOM Ltd., no part of the contents hereof may be used for any other purpose, disclosed to persons or firms outside the recipient company, or reproduced b